Private Credit Lenders to Take Over Zips Car Wash Through Bankruptcy
- HPS, PennantPark, Brightwood among lenders to PE-backed firm
- Alacrity, Pluralsight also handed over keys to private lenders
Car wash operator Zips Car Wash has filed for bankruptcy with a plan to hand over control of the business to its private credit lenders.
The company filed for Chapter 11 in Dallas on Wednesday with $654 million of total funded debt, according to court documents.